Setback to Vijay Mallya as High Court dismisses his petition
Bengaluru, Oct 07: In a setback to Vijay Mallya, the Karnataka High Court on Friday rejected petitions filed by him questioning rejection of his plea by the Debt Recovery Appellate Tribunal (DRAT) and upheld the decision of the DRAT asking Mallya to pre-deposit Rs. 3,101 crore to entertain his appeal against the order of the Debt Recovery Tribunal(DRT).
Division Bench comprising Chief Justice Dinesh Maheshwari and Justice Krishna S. Dixit held that Mr. Mallya and his United Breweries (Holding) Ltd. are jointly and severally liable, as guarantors, to pay the loan amount of Rs. 6,203 crore borrowed by Kingfisher Airlines Limited (KAL).
Mallya had filed an appeal before the DRAT against DRT’s January 19, 2017 order of permitting consortium of banks, led by the State bank of India, to recover the loan amount, payable by the KAL, from its guarantors along with an interest at the rate of 11.5 % per annum on the dues with yearly rests from the date of the application till the date of completion of realization.
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Priyanka Gandhi takes oath as LS MP after big win from Wayanad
New Delhi (PTI): Congress leader Priyanka Gandhi Vadra took oath as a Lok Sabha MP on Thursday following her thumping victory from Kerala's Wayanad in a bypoll.
The 52-year-old, who joins her mother Sonia and brother Rahul as an MP in what is a rare instance of three members of a family together in Parliament, took affirmation in Hindi while holding a copy of the Constitution soon after the House met.
Ravindra Chavan (Cong), who won the Nanded bypoll also took oath in Marathi in the name of God. The bypoll was necessitated following the demise of his father Vasantrao Chavan recently.
Priyanka Gandhi took the plunge into active politics in 2019 and was later appointed Congress general secretary. Five years after that, Priyanka Gandhi begins her journey as an elected representative of the people.
With a winning margin of more than 4.1 lakh votes, she surpassed the tally of her brother Rahul Gandhi from Wayanad in Kerala.
Priyanka Gandhi's entry into Parliament comes at a difficult time for the party, which has been jolted by electoral defeats in Haryana and Maharashtra. It would be interesting to see if she is able to give a much-needed fillip to the grand old party and help put it back on the electoral track.
Often drawing comparisons with her grandmother Indira Gandhi for their similarity in looks and way of speaking, Priyanka Gandhi has been the go-to campaigner for the party since her entry into active politics and even before that when she campaigned for her mother Sonia and brother Rahul.
Congress leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi on Wednesday and conveyed their best wishes.
Priyanka Gandhi on Saturday won the Wayanad Lok Sabha bypoll with a thumping margin of over four lakh votes, defeating Sathyan Mokeri of the CPI(M)-led LDF.
VIDEO | Congress leader Priyanka Gandhi Vadra (@priyankagandhi) takes oath as Lok Sabha MP from Kerala's #Wayanad.#ParliamentWinterSession
— Press Trust of India (@PTI_News) November 28, 2024
(Source: Third Party)
(Full video available on PTI Videos - https://t.co/n147TvrpG7) pic.twitter.com/4JbL0KaShE
further details are awaited.
